Global Natural Energy Share Discussion Threads

[model635] 23/1/2009 14:53

longshanks - Agree Barclays looks tempting but like RBS if the government were to take them over the shares would be worthless.Looking at the open interest figures the overall short position by speculators is very low.So is the market saying they really are in trouble?

Believe it or not I sold a shed load of Barclays in 2006 for around 630p today they are 47p - guess what I bought with the proceeds - GNE!!!!!

I suppose I shouldn't grumble at the present debacle

[goml] 23/1/2009 14:17

model, yes the share buyback from selected parties does stick in the throat a bit. i suppose though, that they do have an obligation to buy them as cheaply as possible. if they bought 450k in the market it would have cost the company a lot more i (reluctantly) suppose.

[longshanks] 23/1/2009 13:41

Current drop seems a little misplaced.

I sold all mine at or around £1.65 to preserve the gains I have already made. I am not convinced by the strategy they are proposing but will buy back in if this gets to a ridiculous value (say £1.20). Best of luck to all holders.

Debating whether to buy into BARC or not - anyone any thoughts on the banks fall from grace. Personally, can't believe all this hype. Looks like short selling isn't the main cause of the fall but I feel it more than likely that "fear of short selling" has exacerbated the drop.

[model635] 23/1/2009 12:39

RE RNS Obviously it was GNE who bought the 461,000 on the 15th.A bit naughty to only initially declare 189,000.Obviously they did a favour for someone who wanted out.All shareholders are equal but some are more equal than others!!

I wonder what level the shares will be at by the time they get round to the next buyback!

[model635] 23/1/2009 10:12

Petrol retailing may have been boring but it did more for the share price than being an investment company!

[model635] 23/1/2009 09:59

Giovannina - I'm waiting for the RNS that says unfortunately the money was banked in Iceland.This doesn't look good.

[giovannina] 23/1/2009 09:57

is this a buy opportunity?? after all we should have 50M++++ in the bank....or not?

[model635] 23/1/2009 09:45

Ratcliffe certainly knows how to add value to a company!

[model635] 23/1/2009 09:36

Somebody sold 5k at 150 which was the original dividend price!

[model635] 23/1/2009 08:52

This is starting to look very grim.

October low taken out should find some support at 155p (If not we're doomed!)

[model635] 23/1/2009 08:02

Well it doesn't look like we're getting an RNS re the purchaser of 461,000 shares on the 15th. A little disconcerting considering Ratcliffe's lack of communication with shareholders.

[model635] 22/1/2009 13:17

A little over 5 weeks or 20 trading days before the deadline for the circular.Has Ratcliffe secured our cash without a fight or are we about to see a new contender?

[model635] 21/1/2009 15:12

goml - I don't no what the time limit is to declare.I can't imagine it is very long.I know if I query it with the Nomad they'll say ".... perhaps it was split between several parties".It is too big a chunk to simply vanish and with Ratcliffe so close to 30% since the buy-back it could be pivitol to the next step whatever that might be.

[goml] 21/1/2009 15:06

model, if they dont announce i'll go back to the registrars and we'll compare the result with my last visit.

[model635] 21/1/2009 13:23

GIOVANNINA - With GNE you just never know - I want to know who bought 461,000 the other day no RNS yet makes me think the delay is deliberate - hope springs eternal!

[giovannina] 21/1/2009 13:11

john... we never had good news from GNE the only good news (the dividend) has been taken away from us ...so back to square one it looks like we are going to keep each other company for at least another few years to come....sorry:0(

[model635] 21/1/2009 11:31

With the market so fragile we could see some sharp dips in the share price That last move down was prompted by a sale of just 500!

Maybe it will flush out a few reluctant buyers.

164 is the October low a break of which would not be good news.

[model635] 21/1/2009 09:16

Looks like the MMs are finally tiring of all the sells. The Ratcliffe effect may soon be evident as the buyers stand well back.

[model635] 20/1/2009 11:42

This give an insight in to Ratcliffe's thinking

Real Business - Thursday, 30th August 2007

Microgen spends £7m to re-invent itself as an IT consultancy.

In June, when the small quoted IT services provider, Microgen, offered to buy a rival called Diagonal for up to £50m, it was sent packing. Diagonal conjured up its own goodbye thank you very much, welcoming an offer from Morse, despite the fact that as Morse's shares fell, the value of its offer sank to £45m. Rather than go head to head with Morse, Microgen sold its £3m Diagonal stake for a 25 per cent profit. After all, there are plenty of washed up IT companies looking for new homes. Instead, it's decided to reinvent itself as an IT consultancy, and in August, Microgen picked up AIM-quoted AFA. True, this was a lesser prize – costing only £7m – but there'll soon be another deal. Latterly, Microgen has bought two companies a year. It's run by Martyn Ratcliffe, a Brit who climbed to the highest ranks of Dell before leaving in 1998 to buy a big stake in Microgen and become its chairman and chief executive. His big plan back then was to provide outsourced hosting of large corporate databases, to succeed Microgen's traditional business of microfiching. But the plan was washed away by the emergence of the internet. Between Ratcliffe's arrival and 2001, withdrawal from and shrinkage in the microfiche business reduced sales from £60m to £20m. It's the start of a new beginning.
Adviser: UBS

[model635] 20/1/2009 08:21

Chrismez- Ratcliffe never needed to bully or persuade the board because they owned less 1% of GNE between them ( a massive warning sign to potential investors).Once Ratcliffe and pals had acquired 28.7% they became the largest shareholder and could do basically as they wished.You could argue that mathematically they could still lose a vote but in reality that is never going to happen.The only possibility for a different outcome to the one proposed is if Vaiman gets some backing and decides to take the pirates on.

[longshanks] 19/1/2009 14:26

MM's don't need to notify their holdings until they are substantially higher than 5%.

Mr Ratcliffe == Cowardy Custard

He wants to be Chairman of the board and yet he isn't prepared to talk to concerned shareholders. He's been labelled, with due cause, a pirate - I think the hat fits - but it should be yellow in colour.